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Friday, March 10, 2017

Grey Bruce Home Prices Are Up

Grey Bruce | by Kevin Bernard  

Prices are up, while there was a slight dip in the number of home sales.

Average home prices are up in Grey Bruce for February, while there was a slight dip in the number of sales.

Figures released by the Realtors Association of Grey Bruce Owen Sound show 161 sales last month, which is just 3 short of the record set in February of 2006.

So far in 2017, there have been 265 home sales through the MLS system, which is down 6.4 percent from a year ago.

The average price of homes in the area is up 2.2 percent to just over 268 thousand dollars for February.

There are 609 properties for sale, down 42 percent from the same time in 2016.

That puts the number of months of inventory on hand at 3.8, down from 6.5 months worth a year ago.

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